StockNews.com Initiates Coverage on ClearOne (NASDAQ:CLRO)

by · The Markets Daily

StockNews.com assumed coverage on shares of ClearOne (NASDAQ:CLRO – Free Report) in a research note published on Monday morning. The brokerage issued a hold rating on the communications equipment provider’s stock.

ClearOne Stock Performance

NASDAQ CLRO opened at $0.52 on Monday. The stock has a 50 day moving average price of $0.58 and a 200-day moving average price of $0.60. ClearOne has a one year low of $0.45 and a one year high of $1.64. The company has a market capitalization of $12.44 million, a P/E ratio of -2.88 and a beta of 0.59.

ClearOne (NASDAQ:CLRO – Get Free Report) last issued its quarterly earnings data on Monday, March 31st. The communications equipment provider reported ($0.09) EPS for the quarter. The business had revenue of $2.96 million during the quarter. ClearOne had a negative return on equity of 25.59% and a negative net margin of 32.88%.

ClearOne Company Profile

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ClearOne, Inc, together with its subsidiaries, designs, develops, and sells conferencing, collaboration, and network streaming solutions for voice and visual communications in the United States and internationally. The company offers a range of audio conferencing products, including professional audio conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, legal, and finance organizations; mid-tier premium conferencing products for smaller rooms, and small and medium businesses, which interface with video and Web conferencing systems; USB-based personal and group speakerphones that could be used with PCs, laptops, tablets, smartphones, and other portable devices; and traditional tabletop conferencing phones used in conference rooms and offices.

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